MRRS adds "CNG Tank/Cylinder Market by Type (Type-1, Type-2, Type-3, Type-4), by Materials (Metal, Glass Fiber, Carbon Fiber), by End Use (Light Duty, Medium Duty, Heavy Duty), & Region – Trends and Forecast to 2020" latest studies, published in January 2017. It is a professional and in-depth study.

Compressed natural gas (CNG) is a clean burning fuel and is also known as the cleanest of all the fossil fuels. Natural gas is composed of mainly methane, which when burnt produces carbon dioxide and water vapor. Due to the cheaper rate of CNG, CNG vehicles are being widely used across the world. The number of vehicles in the world which uses CNG has grown steadily at a 30 percent annual rate. Following are some of the benefits of using CNG vehicles:
• CNG vehicles have low maintenance
• CNG when burnt, mixes easily and evenly in the air
• CNG emits less pollutant such as carbon dioxide (CO2), carbon monoxide (CO),etc

Global CNG tanks market can be segmented by type, which includes type-1, type-2, type-3 and type-4. Type-1 tanks are made up of metals, generally steel. Type-2 tank are made with thinner, steel liner. The metal liner is wrapped with composite materials (glass or carbon fiber) only around the center of the tank. Type-3 tanks are made up of aluminum composite materials. The aluminum composite material is wrapped completely around the tank. Type-4 tanks do not use metal in their structural design. These tanks are made up with a thick rubber membrane.

All CNG tanks are made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.

The global CNG tank market is moderately fragmented, where Hexagon composites ASA (Norway), Luxfer group (U.K), Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd (China), Worthington Industries (U.S.), Quantum technologies (U.S.) captured majority of the market share in production and supply.

Table Of Contents
1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED IN THE REPORT 15
1.4 CURRENCY 15
1.5 PACKAGE SIZE 15
1.6 LIMITATIONS 15
1.7 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 MARKET SHARE ESTIMATION 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key Industry Insights 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE CNG TANK MARKET 30
4.2 CNG TANK MARKET, BY TYPE 31
4.3 CNG TANKS – TYPE 1 CNG TANK ACCOUNTS FOR MAJOR MARKET SHARE (2014) 32
4.4 GROWTH RATE (UNITS), BY COUNTRY 33
4.5 CNG TANK MARKET, BY VEHICLE TYPE 34
4.6 LIFE CYCLE ANALYSIS, BY TYPE (COMPOSITE MATERIALS) 35
4.7 LIFE CYCLE ANALYSIS, BY TYPE (METAL MATERIALS) 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 CNG TANKS MARKET, BY RAW MATERIAL 38
5.2.2 CNG TANKS MARKET, BY TYPE 38
5.2.3 CNG TANKS MARKET, BY VEHICLE TYPE 39
5.3 MARKET DYNAMICS 39
5.3.1 DRIVERS 40
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